Matrix Oil, page-2

Another oiler I unfortunately own. Thank god for HDR! I think if you look closely at MXO's last financial statement, they looked like they had just about run out of money. I can't be bothered looking it up now, but they seem to have spent an inordinate amount of cash in the last quarter (more than they expected). It looks knife edge to me and I wouldn't be surprised to see an announcement at any time about the company going insolvent. But maybe they'll negotiate their way out of it. I'm hoping, as if that's ever worked in the past.